Ceramic Armor Market Report: Trends, Forecast and Competitive Analysis to 2030

Ceramic Armor Market Report: Trends, Forecast and Competitive Analysis to 2030

Ceramic Armor Trends and Forecast

The future of the global ceramic armor market looks promising with opportunities in the body armor, aircraft armor, marine armor, and vehicle armor markets. The global ceramic armor market is expected to reach an estimated $3.4 billion by 2030 with a CAGR of 8.0% from 2024 to 2030. The major drivers for this market are increasing global security concerns, growing focus on soldier safety & soldier survivability, and on-going advancements in ammunition and weapon systems.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Ceramic Armor by Segment

The study includes a forecast for the global ceramic armor by material type, application, and region.

Ceramic Armor Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Alumina
• Boron Carbide
• Silicon Carbide
• Ceramic Matrix Composite
• Others

Ceramic Armor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Body Armor
• Aircraft Armor
• Marine Armor
• Vehicle Armor
• Others

Ceramic Armor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ceramic Armor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ceramic armor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ceramic armor companies profiled in this report include-

• Koninklijke DSM
• BAE Systems
• Morgan Advanced Materials
• Saint-Gobain
• 3M Company
• CeramTec
• II-VI
• Safariland
• Coorstek
• MKU

Ceramic Armor Market Insights

Lucintel forecasts that silicon carbide will remain the largest segment over the forecast period due to growing demand for body armor that provides greater defense while being lighter.

Within this market, body armor will remain the largest segment due to growing need for weapon modernization along with increased threat effectiveness levels.

North America will remain the largest region over the forecast period due to increased expenditure of the United States' military on the maintenance of security and the existence of established players in the region.

Features of the Global Ceramic Armor Market

Market Size Estimates: Ceramic armor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ceramic armor market size by material type, application, and region in terms of value ($B).

Regional Analysis: Ceramic armor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different material types, applications, and regions for the ceramic armor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ceramic armor market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the ceramic armor market size?

Answer: The global ceramic armor market is expected to reach an estimated $3.4 billion by 2030.

Q2. What is the growth forecast for ceramic armor market?

Answer: The global ceramic armor market is expected to grow with a CAGR of 8.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ceramic armor market?

Answer: The major drivers for this market are increasing global security concerns, growing focus on soldier safety & soldier survivability, and on-going advancements in ammunition and weapon systems.

Q4. What are the major segments for ceramic armor market?

Answer: The future of the ceramic armor market looks promising with opportunities in the body armor, aircraft armor, marine armor, and vehicle armor markets.

Q5. Who are the key ceramic armor market companies?

Answer: Some of the key ceramic armor companies are as follows:

• Koninklijke DSM
• BAE Systems
• Morgan Advanced Materials
• Saint-Gobain
• 3M Company
• CeramTec
• II-VI
• Safariland
• Coorstek
• MKU

Q6. Which ceramic armor market segment will be the largest in future?

Answer: Lucintel forecasts that silicon carbide will remain the largest segment over the forecast period due to growing demand for body armor that provides greater defense while being lighter.

Q7. In ceramic armor market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increased expenditure of the United States' military on the maintenance of security and the existence of established players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the ceramic armor market by material type (alumina, boron carbide, silicon carbide, ceramic matrix composite, and others), application (body armor, aircraft armor, marine armor, vehicle armor, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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